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Steptrade Capital announces first close of Revolution Fund-II

IndianStartupNews

IndianStartupNews · 2m ago

Steptrade Capital announces first close of Revolution Fund-II

Steptrade Capital announced the first close of its third Alternative Investment Fund, Steptrade Revolution Fund-II, targeting a total deployment of Rs 1,000 crore into India’s small and microcap sectors. The fund seeks scalable investment opportunities in both listed and unlisted businesses across various emerging industries like renewables and waste management. Steptrade offers a comprehensive investment platform for both domestic and global investors, striving to support innovation-driven companies and India's emerging business leaders.

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Neo Asset Management announces fund II at Rs 2,000 Cr

Entrackr

Entrackr · 4m ago

Neo Asset Management announces fund II at Rs 2,000 Cr

Neo Asset Management, a seasoned Alternative Asset Management firm in India, has announced the first close of its second flagship private credit fund - the Neo Special Credit Opportunities Fund-II (NSCOF II), at Rs 2,000 crore as on date including the first closing as filed with SEBI. Launched 3 months ago, the fund is targeting a total corpus of Rs 5,000 crore. The fund witnessed interest from Family Offices, Ultra High Net Worth Individuals (UHNIs) and Institutional Investors alike to make Neo’s journey an alternative investment platform focused on Private Credit and Real Assets. NSCOF-II is a SEBI-registered Category II AIF designed to provide bespoke credit solutions to EBITDA positive companies. As a strategy, all investments are fully covered with at least 2-3 times hard asset collateral and bear regular coupons. Neo Asset Management aims to adhere to its fund strategy and deliver returns. It looks forward to deploying capital efficiently in Fund-II. Its objective is to create a well-diversified portfolio with 25-30 investments, each ranging between Rs 150-300 crore. Neo’s first private credit, Neo Special Credit Opportunities Fund-I, closed in June 2024, raising Rs 2,575 crore. This fund has gross deployed 100% of its capital across 23 carefully curated diversified investments and have exited from 7 of these investments, over the past 18 months. The team has evaluated more than 450 investments in the last two years. Neo Group is a new-age wealth and asset management company, backed by Peak XV Partners, MUFG Bank, and Euclidean Capital and committed to building India’s leading Alternatives Asset Management platform. Neo Asset Management, the India-focused Alternative Asset Management arm of the Neo Group, manages more than Rs 10,000 crore of AUM, investing across various asset classes and delivering returns with stable cashflows.

Early-Stage B2B Tech Fund, Triton, Announces First Close of Fund II at INR 120 Crores

StartupTalky

StartupTalky · 6m ago

Early-Stage B2B Tech Fund, Triton, Announces First Close of Fund II at INR 120 Crores

Triton, an early-stage venture capital firm, announced the first close of its second fund at INR 120 crores, aiming for a total of INR 240 crores. Focused on B2B Tech and tech-enabled services, Fund II will invest in pre-Series A and Series A rounds, supporting transformative startups in India. With a strong track record from Fund I, Triton aims to drive innovation and support high-growth potential businesses in sectors like Enterprise SaaS and AI.

Micro VC firm Gemba Capital floats second fund

VCCircle

VCCircle · 1y ago

Micro VC firm Gemba Capital floats second fund

Micro venture capital firm Gemba Capital has launched its second investment vehicle, targeting a corpus of INR 250 crore ($34m). The Indian firm, which backs early-stage “platform-first” businesses in three key sectors – consumer technology, fintech and B2B platforms – aims to make follow-on investments with 30% of the fund. Gemba Capital, which raised INR 70 crore for its first fund in 2022, aims to make the final close of fund II by the end of this year.

Physis Capital shifts timeline for maiden VC fund’s final close

VCCircle

VCCircle · 9m ago

Physis Capital shifts timeline for maiden VC fund’s final close

Physis Capital, a venture capital firm founded by the creators of Inflection Point Ventures (IPV), has extended the timeline for the final close of its first investment fund. Originally planned for 2024, the firm now aims to complete the fund's closure in 2026. Physis Capital, known for its angel investment platform IPV, has registered the investment vehicle as a Category-II fund.

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Economic Times

Economic Times · 9m ago

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Early-stage venture capital firm Inflexor announced the first close of its Opportunities Fund at Rs 280 crore, out of the targeted Rs 350 crore. The fund has attracted investments from HDFC AMC Select AIF FoF I Scheme and other domestic limited partners, including HNIs, family offices, corporates, and institutions. Inflexor aims to achieve the final close by the end of the month. The fund will be used to acquire the entire investment portfolio of the firm's first fund and increase stakes in existing portfolio companies. Inflexor has already invested in companies like Kale Logistics, Atomberg, and PlayShifu.

Chanakya Opportunities Fund invests in Gujarat-based Polite Powertech

IndianStartupNews

IndianStartupNews · 24d ago

Chanakya Opportunities Fund invests in Gujarat-based Polite Powertech

Chanakya Opportunities Fund I, an SME-Exchange focused Alternative Investment Fund under Steptrade Capital, has strategically invested in Gujarat-based Polite Powertech, a power transmission and distribution company, by leading a Rs 20 crore pre-IPO funding round. Polite Powertech, with over 15 years of experience, specializes in turnkey EPC projects across various voltage distribution networks. This investment aligns with government initiatives to enhance India's power infrastructure, supporting projects like Green Energy Corridor II and reinforcing sustainable development efforts.

Cureskin, Fasal backer ITI Group makes first close of second VC fund

VCCircle

VCCircle · 1y ago

Cureskin, Fasal backer ITI Group makes first close of second VC fund

The Investment Trust of India (ITI) has announced the first close of its second venture capital fund, the ITI Growth Opportunities Fund II. ITI Group, supported by Sudhir Valia, director of Sun Pharmaceutical Industries Ltd, has previously invested in companies like Cureskin and Bolt.Earth. This new fund aims to provide financial support to promising startups and businesses in India.

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Economic Times

Economic Times · 9m ago

Inflexor announces first close of Opportunities Fund at Rs 280 crore

Inflexor, the early-stage venture capital firm, has announced the first close of its Opportunities Fund at Rs 280 crore out of the targeted Rs 350 crore. HDFC AMC Select AIF FoF I Scheme is the main investor in the fund. The remaining funds have been raised from various new limited partners, including HNIs, family offices, and corporates. Inflexor is expected to achieve the final close by the end of the month. The firm has already invested in companies like Kale Logistics, Atomberg, PlayShifu, ClickPost, and BioPrime. A portion of the Opportunities Fund will be used to acquire the first fund's investment portfolio.

Venture firm Promaft Partners announces inaugural Rs 1,000 crore fund

Economic Times

Economic Times · 1y ago

Venture firm Promaft Partners announces inaugural Rs 1,000 crore fund

Promaft Partners, a venture capital firm led by Raghav Bahl, former head of investments at Alibaba Group, is raising its first fund worth Rs 1,000 crore with a greenshoe option of Rs 200 crore. The firm, which aims to identify startups with strong product-market fit (PMF), plans to invest in 10 to 12 firms after they have achieved PMF. The fund has attracted capital from Indian family offices and founders of prominent companies like Paytm, Zomato, and PharmEasy. The first close of the fund is expected later this year.

Micro VC player Rockstud marks first close of second vehicle

VCCircle

VCCircle · 1y ago

Micro VC player Rockstud marks first close of second vehicle

Micro venture capital firm Rockstud Capital has announced the first close of its second fund at INR 68 crore ($8.2 million). The Mumbai-based firm is targeting to raise INR 300 crore ($36 million) for the 'Rockstud Capital Investment Fund - II'. The fund aims to operate like an angel network, focusing on bridge funding for startups. Rockstud Capital will evaluate startups and offer its limited partners (LPs) the option to invest on a deal-by-deal basis.

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